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Planned family-business handovers in Germany, 2026 to 2030.
IfM Bonn, Daten und Fakten No. 37 (2025)Indicative valuation for owner-led companies in DACH
Know the value before the first negotiation.
You get an indicative range for the equity value. It rests on the listed-company multiple, a derived DACH discount and three quality levers. Only then do you sit down with a buyer, a bank or the board.
The succession wave
Three figures, one finding, from the latest DACH studies on company succession.
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Mid-sized companies seeking a successor by the end of 2029.
KfW Research, Succession Monitoring Mittelstand 20250
Mid-sized companies planning to wind down, not hand over, by the end of 2029.
KfW Research, Succession Monitoring Mittelstand 2025How the range is built
Sector anchor. DACH discount. Your quality factors.
- 01
Sector anchor from listed companies
Damodaran's European sector multiples: the public listed-company benchmark the band starts from.
- 02
Empirically derived DACH discount
A sector-specific factor, derived from the data, that brings listed-company levels down to a privately held firm.
- 03
Your quality factors
EBITDA trend, owner dependence, recurring revenue. Three levers that move where you sit inside the band.
Three levers move your position in the band
Rising earnings lift the value. Falling earnings lower it.
declininggrowing
High owner dependence lowers the value. Low dependence lifts it.
lowhigh
Recurring revenue steadies the value, and lifts it.
noneall
Indicative range for your company
4.8xto5.4x
A first range you can stand behind, before the conversation starts.
A few inputs give you a range you can trace. The reasoning stays in view. You sit with the result in your own time.
Mittelstandswert
Mittelstandswert is an indicative valuation tool for DACH SME owners.
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